Budget expectations 2022 has been saved
Predictions
Budget expectations 2022
Global Capability Centres (GCCs)
In 2020 there were 1300+ Global Capability Centres (GCCs) in India, employing more than 1.3 million people and generating over US$ 33.8 billion in annual revenue that translated to an overall economic contribution of ~ US$100 billion. Currently ~25% of Fortune 500 Companies and ~15% of Forbes Global 2000 have GCCs in India. In the next 5 years, there is a potential for GCC sector to scale up by additional US$ 25-50 billion which would mean a potential gross output of US$ 180-260 billion and employment generation to the tune of 6 to 8 million.
